Palin blasts $2B loan to Petrobras

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Sarah Palin's at it again on Facebook, this time taking President Obama to task over a $2 billion loan he wants to make to a state-controlled oil company in Brazil.

Here's what she had to say on Facebook:

Today's Wall Street Journal contains some puzzling news for all Americans who are impacted by high energy prices and who share the goal of moving us toward energy independence.

For years, states rich with an abundance of oil and natural gas have been begging Washington, DC politicians for the right to develop their own natural resources on federal lands and off shore. Such development would mean good paying jobs here in the United States (with health benefits) and the resulting royalties and taxes would provide money for federal coffers that would potentially off-set the need for higher income taxes, reduce the federal debt and deficits, or even help fund a trillion dollar health care plan if one were so inclined to support such a plan.

So why is it that during these tough times, when we have great needs at home, the Obama White House is prepared to send more than two billion of your hard-earned tax dollars to Brazil so that the nation's state-owned oil company, Petrobras, can drill off shore and create jobs developing its own resources? That's all Americans want; but such rational energy development has been continually thwarted by rabid environmentalists, faceless bureaucrats and a seemingly endless parade of lawsuits aimed at shutting down new energy projects.

I'll speak for the talent I have personally witnessed on the oil fields in Alaska when I say no other country in the world has a stronger workforce than America, no other country in the world has better safety standards than America, and no other country in the world has stricter environmental standards than America. Come to Alaska to witness how oil and gas can be developed simultaneously with the preservation of our eco-system. America has the resources. We deserve the opportunity to develop our resources no less than the Brazilians. Millions of Americans know it is true: "Drill, baby, drill." Alaska is proof you can drill and develop, and preserve nature, with its magnificent caribou herds passing by the Trans Alaska Pipeline System (TAPS), completely unaffected. One has to wonder if Obama is playing politics and perhaps refusing a "win" for some states just to play to the left with our money.

The new Gulf of Mexico lease sales tomorrow sound promising and perhaps will move some states in the right direction, but we all know that the extreme environmentalists who serve to block progress elsewhere, including in Alaska, continue to block opportunities. These environmentalists are putting our nation in peril and forcing us to rely on unstable and hostile foreign countries. Mr. Obama can stop the extreme tactics and exert proper government authority to encourage resource development and create jobs and health benefits in the U.S.; instead, he chooses to use American dollars in Brazil that will help to pay the salaries and benefits for Brazilians to drill for resources when the need and desire is great in America.

Buy American is a wonderful slogan, but you can't say in one breath that you want to strengthen our economy and stimulate it, and then in another ship our much-needed dollars to a nation desperate to drill while depriving us of the same opportunity.

- Sarah Palin


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Member Comments
Posted By: stop_palin @ 08.19.2009 4:37 PM
I would be very interested to know who writes Sarah's Facebook comments for her.
Posted By: aberistwith @ 08.22.2009 9:34 AM
There are a number of things that Palin doesn't get on this - like how SHE and a number of other ordinary Americans will profit by this US guaranteed loan to Petrobras, the Brazilian oil company.

Apparently Sarah does not read her own investment sheets - her 2007 and 2009 financial disclosures show a significant stake in Petrobras through TRowePrice Latin America Fund. So, Sarah, just like her very good friend George Soros, will most certainly benefit from this loan should the Petrobras projects be successful. As will anyone else with this fund in their 401K.
Posted By: aberistwith @ 08.22.2009 1:52 PM
She really didn't think this one through. She's got Petrobras holdings herself in her TRowePrice Latin America fund and will personally benefit from the loan given this company should the project succeed. (See financial disclosures 2007 2008.) If it's OK for an Alaskan governor ('energy expert') to personally invest in Latin American energy stock/funds - then why does she criticize a US bank (or indirectly, the US taxpayer - a stretch) for doing so? Interest will be earned, and US services and goods paid for out of these funds.
Posted By: EatWildFish @ 08.22.2009 8:39 PM
More Facebook 'policy'?? If Palin is so tough and smart, why does she hide behind a social networking site instead of talking to people face to face. What a shameful coward.

If anyone believes The Quitter writes these Facebook postings -- I've got a bridge to nowhere to sell you.

Also too -- it's gratifying to see that Palin's Facebook postings are not meeting with much interest anymore - this is first I've seen of this Petrobas issue and I follow political blogs closely.
Posted By: aberistwith @ 08.23.2009 5:59 AM
EWF - that's because it was dug up single handedly by little ol'me just yesterday, and I'm not all that 'connected' on the web. I've had the darndest time getting this story out on the web. (Also posting this under other 'handles' like 'battybb' on HuffPo.) I'm hoping AD might give this story some boost. . .or pass it along to bigger fish.

busy